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CBN orders banks to refund monies to ATM shortchanged customers

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The Central Bank of Nigeria (CBN) has directed all deposit money banks (DMBs) in the country to return all monies in their possession as a result of Automated Teller Machines’ (ATMs’) non-dispense or partial dispense errors to their customers before July 31, 2014. The central bank gave the directive in a circular titled: “Non-refund of ...

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